RICHMOND EDUCATION ASSOCIATION OF RICHMOND INC

EIN: 540839289

RICHMOND, VA

Total Revenue
$700,350
Total Expenses
$726,954
Total Assets
$160,012
Net Assets
$141,732
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
VA
Principal Officer
KATINA HARRIS
Phone
8046483100
Tax Period
2022-09-01 to 2023-08-31

RICHMOND EDUCATION ASSOCIATION OF RICHMOND INC, founded in 1967, is a small nonprofit that reported $700K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year.

Mission

TO NBSP;PROMOTE NBSP;THE NBSP;GENERAL NBSP;WELFARE NBSP;OF NBSP;THE NBSP;MEMBERSHIP NBSP;IN NBSP;THEIR NBSP;JOB NBSP;RELATED NBSP;AREAS

Program Service Accomplishments

Program 1

RICHMOND EDUCATION ASSOCIATION FILES EMPLOYEE WORKPLACE GRIEVANCES, WORKS TO SOLVE WORK-RELATED ISSUES, AND MEETS MONTHLY WITH A REPRESENTATIVE OF THE SCHOOL BOARD, SCHOOL BOARD SUPERINTENDENT, AND...

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RICHMOND EDUCATION ASSOCIATION FILES EMPLOYEE WORKPLACE GRIEVANCES, WORKS TO SOLVE WORK-RELATED ISSUES, AND MEETS MONTHLY WITH A REPRESENTATIVE OF THE SCHOOL BOARD, SCHOOL BOARD SUPERINTENDENT, AND DIRECTOR OF HUMAN RESOURCES TO SOLVE RELATED ISSUES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $699,207
Investment Income $143
Other Revenue $0
TOTAL REVENUE $700,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $726,954
TOTAL EXPENSES $726,954

Year-over-Year Comparison

2022 2021 Change
Revenue $700,350 $746,972 -0.1%
Expenses $726,954 $628,591 +0.2%
Net Income $-26,604 $118,381 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATINA HARRIS PRESIDENT UNTIL 6/30/23 002.00
Officer Director
$0 $0 $0
DARRELL TURNER VICE PRESIDENT UNTIL 6/30/23 001.00
Officer Director
$0 $0 $0
ANDREA DUNGEE SECRETARY UNTIL 6/30/23 001.00
Officer Director
$0 $0 $0
STEPHEN STRAUS TREASURER AS OF 7/1/23 001.00
Director
$0 $0 $0
JESSICA DIAZ BOARD DIRECTOR UNTIL 6/30/23 001.00
Director
$0 $0 $0
SHERRI ROBINSON BOARD DIRECTOR UNTIL 6/30/23 001.00
Director
$0 $0 $0
ELIZABETH JORGENSEN-BEST BOARD DIRECTOR UNTIL 6/30/2023 001.00
Director
$0 $0 $0
NERILIS SUAREZ PRESIDENT AS OF 7/1/2023 002.00
Officer Director
$0 $0 $0
ELIZABETH FORRESTER VICE PRESIDENT 7/1/23 002.00
Officer Director
$0 $0 $0
ANGELA DEWS SECRETARY AS OF 7/1/2023 002.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $700,350 $726,954 $160,012 $-26,604
2022 $746,972 $628,591 $188,478 $118,381
2021 $679,381 $653,791 $72,183 $25,590
2020 $719,577 $688,170 $46,871 $31,407
2019 $661,384 $688,972 $12,047 $-27,588
2018 $726,288 $665,932 $69,823 $60,356
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